Burgess Rawson is pleased to offer to market the freehold interest in ‘Coonabarabran Chemist’ located at 41-43 John Street, Coonabarabran NSW for sale via Auction Investment Portfolio 172. The property has the following key investment highlights: + Five (5) year net lease to Coonabarabran Chemist (part of the Alliance Pharmacy Group) to August 2038. + Two (2) further Five (5) year options to 2038. + Coonabarabran Chemist: part of Alliance Pharmacy, one of Australia’s largest independent pharmacy operators with a network of 362 locations Australia-wide. + Investor preferred net lease terms with the tenant responsible for all usual outgoings as per lease. + Fixed 4% annual rent increases, ensuring income growth. + Single tenant minimal management investment. + Well-maintained 380sqm* retail building in line with Alliance Pharmacy’s latest corporate design, including 150sqm* of rear storage. + Prominent 446sqm* Local Centre zoned landholding with important 11m* frontage to John Street (Oxley Highway), the region’s main thoroughfare. + Absolute town centre location with Warrumbungle Shire Town Hall, Woolworths, IGA, Toyota, NAB, CBA and Coonabarabran Hospital all within 500m.* + Surrounded by important social infrastructure – 3 schools within 850m* that combine to service 640+ full time students. (1) + Coonabarabran: known as the 'Astronomy Capital of Australia’, the municipality is the capital of the Warrumbungle Shire and is located at the midpoint between Melbourne and Brisbane, approximately 2 hours from Tamworth & Dubbo. (2) + Net Income: $44,000 pa* + GST. For Sale by Investment Portfolio Auction 10:30am AEDT Tuesday 29 October 2024 Sydney Opera House, Sydney 1 GapMaps 2 REMPlan
Property ID: 504704060